The Royal Bank of Scotland plc - Stabilisation Notice

Not for distribution, directly or indirectly, in or into the United
States or any jurisdiction in which such distribution would be unlawful.

SWEDISH EXPORT CREDIT CORPORATION

Post-Stabilisation Notice

The Royal Bank of Scotland plc (trading as NatWest Markets), (contact:
Rom Balax TEL: 020 7085 6268) hereby gives notice that no stabilisation
(within the meaning of Article 3.2(d) of the Market Abuse Regulation
(EU/596/2014)), was undertaken by the Stabilising Manager(s)named
below in relation to the offer of the following securities.

This announcement is for information purposes only and does not
constitute an invitation or offer to underwrite, subscribe for or
otherwise acquire or dispose of any securities of the Issuer in any
jurisdiction.

This announcement is not an offer of securities for sale into the United
States. The securities referred to above have not been, and will not be,
registered under the United States Securities Act of 1933 and may not be
offered or sold in the United States absent registration or an exemption
from registration. There has not been and will not be a public offer of
the securities in the United States.